Investigators say on August 16, 2011, Buffalo Police found over $1,300 in coins inside Lopez's work vehicle; money that was supposed to be deposited into the city treasure. Following an investigation, investigators say they discovered Lopez had a "substantial amount" of cash deposits in his banking accounts, and that he had made many significant cash payments including a $10,000 down payment on a car, the purchase of two boats, a jet ski and moped.

Lopez will appear in Federal Court Friday afternoon.

Two former city employees have already been convicted of stealing money from parking meters. James Bagarozzo was convicted of stealing over $200,000 from Buffalo parking meters and sentenced to 30 months in prison. Lawrence Charles has also been convicted of stealing over $10,000 from Buffalo parking meters and is awaiting sentencing.